Funding you earn now, next payment 09:00 UTC−0.0187%/8h= −20.5% APRnext payment −$0.23 per $10,000 · paid last 24h −0.036%
Price spread now: Nado against Aevo−0.027%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.027% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSFT-PERP | 504.40 | 0.0104 | pay 0.0013% / 1h | 48m 39s | $55 | — | 10x |
| Short | Nado MSFT-PERP | 504.26 | −0.0083 | pay 0.0010% / 1h | 48m 39s | $415K | $67K | 20x |
Aevo MSFT-PERP
Nado MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$39.3
- Price spread: −0.027% → 0.000%
- −$2.68
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$64.98
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Nado: live order book, 49 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aevo no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 49 min ago | 0.69 bp | 12.8 bp −$13 | 27.3 bp −$273 | doesn't fit | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MSFT on 34 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0822% | 4h | 504.78 | +0.076% | $103K | $243K | 10x | as long as short |
| Nado MSFT-PERPshort | −0.0083% | 1h | 504.26 | −0.027% | $415K | $67K | 20x | |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.91 | −0.096% | $684K | $490K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.61 | +0.042% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.42 | +0.006% | $338K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.55 | +0.031% | $15.9M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.22 | −0.035% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.65 | +0.050% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.32 | −0.015% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.53 | +0.027% | $3.9M | $3.0M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 504.39 | −0.001% | $1.3M | $401K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.32 | +0.183% | $6K | $3.7M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.08 | −0.063% | $27K | $44K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.35 | −0.009% | $59K | $224K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.75 | +0.070% | $2.2M | $827K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0002% | 8h | 504.46 | +0.013% | $191K | $206K | 20x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.07 | −0.065% | $11K | $15K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.40 | +0.001% | $1.1M | $4.6M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.30 | −0.019% | $1.2M | $510K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.33 | −0.013% | $706K | $1.8M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.21 | −0.037% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.49 | +0.019% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.09 | −0.061% | $22.5M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.21 | −0.037% | $304K | $679K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.27 | −0.025% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.99 | −0.080% | $514K | $412K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 504.36 | −0.006% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 504.08 | −0.063% | $1.6M | $94K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 504.31 | −0.017% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.43 | +0.007% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPlong | +0.0104% | 1h | 504.40 | long leg | $55 | — | 10x | |
| Hotstuff MSFT-PERP | +0.0176% | 1h | 504.13 | −0.053% | $33K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.87 | −0.104% | $115K | $45K | 30x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0322% | 8h | 504.74 | +0.069% | $19K | $319K | 10x | as long as short |
Variational Omni MSFT
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Phoenix MSFT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP
GRVT MSFT_USDT_Perp